Australia's largest stock trading and investment forum Australia's #1 stock forum

Australians suffer world’s biggest collapse in living standards, page-3

First 3 Last

Share
Profile

Follow
pintohoo

96,889 Posts.

75

12/07/24

14:56

Post #: 74728593
Share

Originally posted by Scott th Ratbag ↑

yes most of Aus has suffered reduced disposable income. but its an extreme exaggeration to claim that Aussies "suffer world’s biggest collapse in living standards".

this is pure political spin bro.

most of the damage done to Aus taxpayers is through our dominance of variable interest on our mortgages. the rotw has fixed interest dominating the mortgage market. we also have landlords/housing investors on interest-only payments, all accumulated during the LNP years which meant that rental rates were also forced up by interest rate rises.

this means that smaller rises in interest rates have a much larger affect on people. renters as well as mortgage holders.

this is the real cause of our reduced ability to buy food and pay our bills.

so really, its not the interest rate rises but a combination with our lender practices.

Expand

I wouldn't forget insurance premium rises and probably food prices as well.

when one sees insurance premiums jumping in thousands per year (post tax) - that's budget busting
3 Upvote

Reply

Top Stories

RML

Resolution Minerals appoints industry experts to fast-track US growth strategy

CIA

'Share long-term visions': Champion Iron rallies on mooted Nippon, Sojitz partnership

ASX Market Close: How a megadam in Tibet pushed us into the red

ASX Market Open: Extraordinary RBA vote minutes lead Oz futures into rise | July 23

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

First 3 Last